Chipotle Exec Said Benefit From Menu Price Hikes And Lower Avocado Prices Were Partially Offset By Elevated Costs Most Notably In Beef, Tortillas, Dairy, Salsa Beans And Rice -Conf Call
Portfolio Pulse from Charles Gross
Chipotle's benefits from menu price hikes and lower avocado prices were partially offset by increased costs in beef, tortillas, dairy, salsa beans, and rice. The company expects the cost of sales to be around 30% in Q3 due to higher beef and avocado prices.
July 26, 2023 | 9:07 pm
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Chipotle's increased costs in certain ingredients have offset the benefits from menu price hikes and lower avocado prices. This could impact the company's profitability in Q3.
The news directly mentions Chipotle and discusses factors that could impact its profitability. Higher costs in certain ingredients have offset the benefits from menu price hikes and lower avocado prices. This could lead to a higher cost of sales in Q3, potentially impacting the company's profitability and stock price.
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IMPORTANCE 80
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